ASIC’s second Consultation Paper (CP) 361 Proposed Changes to simplify the ASIC Derivative Transaction Rules (Reporting) 2013 has shown that ASIC’s re-write will be rolled out in two stages. The first stage will deal more with tightening up the use of LEI, UTI and delegated reporting. The second phase is primarily about additional fields for harmonisation and the conforming to the technical standard of ISO 20022 XML messages.
Stage 1: Targeted for 1 October 2023
Stage 2: Targeted for 1 April 2024